List three professional certifications offered in accounting and the organizations that offer them.

Q: Identify three types of services typically offered by accounting professionals.

A: Introduction: Accounting is considered as a language which is used for communicating to persons…

Q: Accounting information should have some qualitative characteristics in order to facilitate efficient…

A: Accounting information: Accounting is the process to record, analyze, summarize, and interpret…

Q: professional ethics

A: Professional ethics are the standards of attitude and behavior to be kept in exercising a…

Q: Understand the intentions of accounting students on career as professional accountant .

A: Accounting has a wide range of applications. Accounting students can work as professional…

Q: Which of the following is typically required for entry-level positions in the accounting profession?

A: Answer:   Option 1   bachelor’s degree is typically required for entry-level positions in the…

Q: What three roles are played by accountants with respect to the information system?

A: Accounting information System:   It is a system adopted by an organization to store and process the…

Q: Identify three ways that accounting systems help align thegoals of employees and the goals of the…

A: Accounting information: Accounting information is used in business measurement, performance…

Q: 3. Indicate the ten (10) ethical principles of accounting and explain, in your own words, what the…

A: Ethics in accounting refers to fair accounting and compliance with law and rules by the company…

Q: INSTRUCTIONS: Write the similarities and differences of the definition given by three (3)…

A: Accounting means to record the monetary transactions of the business entity. It helps in summarizing…

Q: What is the premise behind the double - entry recording framework developed and refined in the…

A: Double entry system is an accounting system in which two aspects of each transaction are required to…

Q: Answer the following multiple-choice questions. Accounting standard-setters use the following…

A: Accounting standards are used for financial reporting. These specifies how an accounting transaction…

Q: By joining the AICPA, members must adhere to six major principles of Professional conduct. Discuss…

A: The American Institute of certified Public Accountants makes some principles of professional conduct…

Q: You are a Management Accountant who will be required to work with the financial accounting system.…

A: Accounting - Accounting is the art of Recording, classifying and summarizing financial information…

Q: s a prospective member of the accounting profession detail what you consider to be the four (4) most…

A: competent professional accountant in business is considered to be Paramount and invaluable assets…

Q: An accounting association established a code of ethics for all members. The most likely primary…

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Users of accounting information can be identified as internal and external users. List two of users…

A: The 4 financial statement A balance sheet is a financial statement that represents the financial…

Q: What are the possible careers for someone skilled enough in accounting information system

A: The accounting profession has evolved from simple tax preparation and bookkeeping to the advanced…

Q: List out any five users of accounting information and discuss how accounting information help them…

A: User of Accounting Information are of two types:  Internal Users: user who operate the organisation…

Q: What are two certifications available for accountants? Briefly explain each certification.

A:

Q: Identify and discuss several professional organizations that play important roles in preparing…

A: The organizations listed below formulate and execute policies for the interest of investors in the…

Q: Identify the following users of accounting information as either an (a) external or (b) internal…

A: External users of accounting information are those persons which are external to the organisation…

Q: Draw a comparison between the formal accounting systems as applied in the formal business sector and…

A: Formal Accounting System Formal Accounting system is a system where all the principles of accounting…

Q: Competence as a certified public accountant includes all of the following except: A. Having the…

A: The above question is related with the professional ethics code of AICPA

Q: Name the four areas in which standards of ethical conduct exist for management accountants. What…

A: Ethics implies the arrangement of rules that the association ought to follow. While in business,…

Q: Select any five of the Generally Accepted Accounting Principles (GAAP) and describe how each of them…

A: Financial Accounting Standard Board (FASB) is authorized to issue GAAP principles that represent the…

Q: Description of Canadian accounting organizations and the services offered by them to support…

A: Canadian accounting organizations are nonprofit organizations that represent accounting…

Q: Write a literature review on the impact of covid-19 on accounting professions.

A: The outbreak of COVID-19 has created a crisis in health, education, & Profession, and other…

Q: Define and explain the importance of the phrase Certified Management Accountant (CMA).

A: Certified Management Accountant is said to be a designation that means expertise in strategic…

Q: Identify the following users of accounting information as either an (a) external or (b) internal…

A: Internal users: Internal users of the financial statement are the inside individuals or the members…

Q: A number of significant issues face the accounting profession and annual reporting. Select with…

A: The accounting profession is related to creating, maintaining, and updating the accounting record of…

Q: Describe the organization of public accounting firms and identify the variousservices that they…

A: A small business might use a public accounting firm to prepare the monthly or quarterly financial…

Q: Identifying users of accounting information For each user of accounting information, identify if the…

A: Identify the users of the accounting:

Q: Which of the following is typically required for entry-level positions in the accounting profession?

A: Since the options are missing, it is assumed that the following are the options: (a) Master's degree…

Q: 5. Discuss the importance of personal competence, professional judgment and ethical behavior on the…

A: i) Importance of personal competence , professional judgement and ethical behavior on the part of…

Q: What professional conduct is outlined by the American Institute of Certified Public Accountants…

A: The American Institute of Certified Public Accounts (AICPA) The American Institute of Certified…

Q: Define certified public accountants.

A: A certified public accountant is an individual who have met a set of educational requirements to sit…

Q: Identify and explain TEN (10) technological advancement that will be able to assist the roles of…

A: Accounting: It is the process of recording, classifying, summarizing all transactions of a business…

Q: Identifying users of accounting information For each of the users of accounting information,…

A:

Q: The users of accounting information can be classified into internal and external users. Clearly…

A: Accounting information is the information related to the concepts of accounting which are to be used…

Q: Describe one cause for the ongoing development of information systems and how it affects the duties…

A: Introduction: An information system combines methodologies, hardware, trained individuals, software,…

Q: urpose of the Code of Professional Conduct for the accounting profession. What are the six…

A: This Code of Conduct for Professional Accountants (Code) within the Philippines is provided for in…